© Reuters. Daihatsu Motor President Soichiro Okudaira leaves a press conference in Tokyo, Japan December 20, 2023. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) – Toyota Motor (NYSE:) Corp said on Tuesday the president and chairman of its small-car unit Daihatsu will step down following revelations of misconduct related to rigged collision-safety tests.
Toyota’s chief executive officer for the Latin America and Caribbean region Masahiro Inoue will replace Soichiro Okudaira as Daihatsu’s president effective March 1, the Japanese automaker said.